Overall TQQQ gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TQQQ is showing a nice and steady performance.
TQQQ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
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47.00
2 important support areas can be observed.
- A support zone ranging from 52.55 to 53.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 47.47 to 48.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TQQQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TQQQ is up. |
| ChartMill Relative Strength | 86.82 | POSITIVE | TQQQ has a high relative strength, it outperformed 86.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TQQQ is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TQQQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TQQQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.53 | NEUTRAL | The RSI value for TQQQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests TQQQ has a positive trend. |
| Stochastics (14,3) | 93.49 | OVERBOUGHT | The high Stochastics value suggests TQQQ may be overbought. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for TQQQ suggests high volalility. |
| Average Directional Index/ADX (14) | 16.65 | NEGATIVE | The low ADX value for TQQQ suggests a weak or negative trend. |
55.51
-0.18 (-0.32%)
PROSHARES ULTRAPRO QQQ / TQQQ FAQ
What is the technical rating for TQQQ stock?
ChartMill assigns a technical rating of 9 / 10 to TQQQ.
What is the current trend direction of PROSHARES ULTRAPRO QQQ (TQQQ) stock?
The current trend direction for PROSHARES ULTRAPRO QQQ (TQQQ) is Bullish.
What is the RSI signal for PROSHARES ULTRAPRO QQQ (TQQQ) stock?
PROSHARES ULTRAPRO QQQ (TQQQ) has an RSI value of 56.5349. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PROSHARES ULTRAPRO QQQ?
The short term momentum for PROSHARES ULTRAPRO QQQ (TQQQ) is positive.
What is the support and resistance level for TQQQ stock?
PROSHARES ULTRAPRO QQQ (TQQQ) has a support level at 53.41. Check the full technical report for our detailed analysis of TQQQ support and resistance levels.